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A year in blockchain – what’s coming for the energy sector in 2022

  • 3 wk ago

While the number of blockchain projects in the energy sector around the world is not known, in round terms we can put it upwards of 400 with around 300 vendors, based on Guidehouse Insights’ latest vendor and deployment tracker.

Guidehouse Insights reports tracking 385 total energy blockchain projects and 286 unique vendors since 2012. According to the analyst, deployments peaked in 2018 with growth slowing subsequently. And for the record, the top use cases are transactive energy and guarantees of origin, with the former accounting for almost one-fifth of the deployments.

Trends observed by Smart Energy International during 2021 include the continued evolution of blockchain as a technology and its further maturing from piloting to the mainstream with the longstanding players continuing to strengthen their market presence.

As examples, Energy Web upgraded the EW Chain and launched an initiative with Parity Technologies to enable blockchain customisation, and Australia’s Powerledger launched its next generation blockchain.

LO3 Energy continued to secure high level investment backing and Britain’s Electron reported achievement of a local flexibility marketplace on Orkney, while Catalonian grid operator Electra Caldense launched a distribution flexibility initiative.

In further integration of the mobility and energy sectors, Ford completed a long term demonstration on air quality with hybrid electric vehicles (EVs) and Volkswagen launched a project to advance EV charging.

And some novel use cases were launched, such as utilising blockchain for recycling of solar panels in Japan and nickel supply chain tracking for EV batteries.

Looking ahead, Smart Energy International highlights five trends for 2022.

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